Infosys Chief Executive Officer Vishal Sikka said the company’s performance in the January-March period was below his expectations for various reasons. “It is a challenging performance,” Sikka said in a post-result press conference. “We were expecting a higher number,” said, adding that the situation in the last quarter will have some impact on the new […]
Infosys Ltd said it expects its revenue to grow by a modest 6.5-8.5%, stripped off the impact of currency movements, in the year that started this month. The street was expecting a guidance of 7-9% growth. The guidance is well below the traditional guidance range of low two digit percentages. Last year, it had guided for a growth […]
Forum for IT Employees or FITE, a web-based IT workers’ collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company’s human resources department. “If the employee resigns his/her job, a month’s salary or three months’ salary should be paid as specified in his/her offer letter. However, if the […]
Fitch Ratings has withdrawn its ratings on India-based Rolta India Limited, after the Indian IT company said it was no longer interested in continuing with the arrangement. “Fitch is withdrawing the ratings as Rolta has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the rating. […]
Weeks after acquiring Appirio, Wipro is at it again. This time, it is buying InfoSERVER, an IT services provider focused on the Brazilian market, for $8.7 Mn (Rs 60 cr). Two-decade old InfoSERVER provides custom application development and software deployment services, the company said. It counts some of the largest Brazilian banks as its clients, […]
Wipro Ltd has reported poor third quarter results. The highlights are as follows. Gross Revenues were 136.9 billion ($2 billion), an increase of 6.4% YoY. Net Income was 21.1 billion, a decrease of 5.7% year on year. Both numbers are below market expectations. The outlook is for a growth of 1-2% in revenue, which is […]
After TCS’ Chandrasekaran, it is the turn of Wipro’s former CEO and current executive vice chairman TK Kurien to retire. He was expected to step down in March. He will step down at the end of this month, a year after he was moved out of the CEO position. “TK and Abid have worked together […]
IT services provider Tech Mahindra opened a new facility in Dublin, Ireland to focus on emerging technologies such as Robotics and Automation, Business Analytics, Cloud Infrastructure and Digital Services. The new centre would employ around 150 engineers over the next three years and will help the company deliver technology services to clients in Ireland as […]
Tata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US jobs, and is not the villain as portrayed. The statement from Rajesh […]
Tata Consultancy Services said it made two appointments in the wake of the departure of Chief Executive officer N Chandrasekaran: N. Ganapathy Subramaniam, elder brother of outgoing CEO Chandrasekaran, has been appointed as the chief operating officer, and former chief financial officer Rajesh Gopinathan has been elevated to the position of CEO. Former CEO Chandrasekaran has […]
US-based G&D Integrated has decided to implement Ramco Systems’ logistics suite, the Chennai-based provider of cloud software said. The Illinois-based logistics provider has 1,000 employees at over 20 facilities across North America and represents the first logistics client for the company in the US. Ramco Systems will implement its comprehensive Logistics ERP Suite covering Finance […]
Ramco Systems, the Chennai-based cloud services provider, has inked a “multi-million-dollar deal” with Panasonic Group of companies in Malaysia to digitize HR and Payroll operations for its nearly 20,000 employees. The contract marks a major win for the company. Typically, cloud contracts tend to be small sized affairs, but the Panasonic deal is one of […]
BSNL has introduced a free e-mail service for its broadband users based on its डाटावन.भारत domain name. As a result, it is possible for a customer to now have an complete email address in Hindi. “It’s now possible in every part of India to have an email address in their own language and communicate in […]
MobiKwik, Indian mobile wallet major, today announced its tie up with Amul, the Indian dairy cooperative. The association will help customers of Amul in making cashless payments with MobiKwik at 7000 Amul outlets and 3 lac Amul Multi brand outlets & retailers across India. “In today’s less cash economy , through this pan India initiative […]
PayTM, India’s largest wallet company, has been cheated to the extent over Rs 6.15 lakh by 48 customers claiming illegal refunds for goods they already received. A case has been registered with the Central Bureau of Investigation, which is currently looking into the matter. Besides PayTM, others such as Freecharge and MobiKwik are also present […]
Chennai-based Ramco Systems has won a new client for its HR & Payroll solution in the shape of LBC Express Inc, a logistics and remittance company in the Philippines. The software will be used to manage 8,000 employees, from hire to retire. LBC is the Philippines’ market leader in retail and corporate courier & cargo, […]
Google.com, home to the world’s most popular search engine, beat Facebook.com to become the most visited website in the world in November as people spent more time shopping and comparing deals than networking online. There was also a sharp jump in traffic to online retail sites such as Amazon and to online advertising domains like […]
Cyberinc, an Aurionpro solutions company, said it will launch a malware isolation product ‘Isla’ in India on December 1st. “Cyberinc’s Isla web malware isolation system protects organizations from the most advanced web borne threats by isolating all web content outside the network perimeter,” said the company. “This approach will help eliminate the risk of drive-by-downloads, […]
Technology services provider Infosys said it made an investment of 14.92 mln Danish kroners in Danish startup UNSILO from its innovation fund. UNSILO is a Danish artificial intelligence startup founded in 2012 and focus on advanced text analysis. It uses a combination of machine-learning and natural language processing to analyze large quantities of text and […]
Ramco Systems Ltd. said it secured a 7.3 million euro order from Schenker AG for implementing its Ramco HCM & Payroll software. Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company. DB Logistics offers land, sea, and air transport and contract logistics. Rail transport within DB Logistics […]
